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The central bank of the United Kingdom
- Bank of England definition: the central bank of the United Kingdom, which acts as banker to the government and the commercial banks. It is responsible for managing the government's debt and implementing its policy on other monetary matters.
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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government 's banker and debt manager, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank.
- World's 8th Oldest Bank
Year Company Country (historic) Country (modern) Notes 1472...
- World's 8th Oldest Bank
It is the second oldest central bank in the world (after the Swedish Riksbank), and the world's 8th oldest bank. In 1998 it became an independent public organisation. Though wholly owned by the government, it has independence in setting monetary policy.
Noun. 1. Bank of England - the central bank of England and Wales. central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government.
The Bank of English (BoE) is a representative subset of the 4.5 billion words COBUILD corpus, a collection of English texts. These are mainly British in origin, but content from North America, Australia, New Zealand, South Africa and other Commonwealth countries is also being included.
the Bank of England. noun. uk us (abbreviation the BoE) BANKING, ECONOMICS, POLITICS. the central bank of the United Kingdom: When the Bank of England changes the official interest rate it is attempting to influence the overall level of expenditure in the economy.
The Bank of England was founded as a private bank in 1694 to act as banker to the Government. Today we are the UK’s central bank. Our timeline looks at some of the highlights from our long history.
Founded in 1694, the Bank of England is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.
